Recently, the New York Times published articles showing how tiny the executive pay cuts were by the very few executives who announced and declared sympathy for their laid-off and impoverished workers. The media has also been reporting illicit maneuvers developed by corporate attorneys to help chain stores get relief payments that should have gone to legitimate small businesses. (Why isn’t the National Federation of Independent Business (NFIB) speaking out against this abuse and avarice?)
Replacing some of their greed with generosity could be directed to the estimated $6 billion to $11 billion needed this coming school year to give low-income students full equipment and connectivity to the internet for remote learning during the Covid-19 pandemic restrictions. States and localities need $4 billion to assure the voting process will be fair and that all votes be counted and on time. The Republicans in the Senate are blocking the money needed to guarantee free and fair elections. Four billion dollars for the profit-glutted Silicon Valley giants Facebook, Google, Apple plus Amazon, and Microsoft, is peanuts.
These high-tech digital giants could easily contribute the money needed to avert a widely predicted election time disaster and weeks of understaffed cThese record-setting profitable companies, with soaring stock prices due to their monopolistic powers or consumer-gouging, should return some of Trump’s giveaway tax cuts of 2017 and the burgeoning corporate welfare payments from crony-capitalistic Washington, D.C. to help their afflicted or vulnerable fellow Americans. Many of these people are their own workers, friends, and relatives. Economists should develop a “Hedonistic Index,” to rank the “greed-with-power” status of the 500 largest U.S. corporations. People have the right to know how CEOs and major corporations do on the “Hedonistic Index” of greed and power. After all, at the end of the day, we are all paying the price of the full measure of the infinite avarice spiraling from these corporate supremacists and their private governments of controls.